Greggs total sales up 5.6%

The brand released its Q3 results ending on 1 October.

According to the brand's report, total sales for the 13-week period went up 5.6% while company-managed shop like-for-like sales grew 2.8%, in line with company expectations. Like-for-like sales have increased by 3.4%.

Refits completed from January to October were reported at 145, while 103 new shops opened year-to-date. There were 58 closures in the same period, giving a total of 1,743 outlets currently in operation.

"The popularity of our summer menu including an extended range of Balanced Choice salads and yoghurts supported sales growth in the period. We also saw continued strong growth at breakfast time, helped by our strong coffee offer and value deals," Greggs said.

"We are making good progress with the first stages of our supply chain investment plan. The work to facilitate our new distribution centre in Enfield is now finished and the site will be brought into operation in the coming weeks. As a result we will complete the previously-announced closure of our Twickenham bakery in November."

"Given trading to date and the outlook, our expectations for the full year outturn remain unchanged. As we look to next year, whilst we anticipate some general industry-wide cost pressures, we expect to make further progress against our strategic plan."